Kepler Cheuvreux Suisse SA Acquires Shares of 102,661 NetApp, Inc. $NTAP

Kepler Cheuvreux Suisse SA bought a new position in shares of NetApp, Inc. (NASDAQ:NTAP) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 102,661 shares of the data storage provider’s stock, valued at approximately $12,161,000.

A number of other large investors have also recently modified their holdings of NTAP. Abich Financial Wealth Management LLC bought a new position in shares of NetApp in the 3rd quarter valued at $27,000. Rossby Financial LCC lifted its position in shares of NetApp by 105.5% during the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock worth $27,000 after buying an additional 115 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in NetApp in the second quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new stake in NetApp in the second quarter valued at about $56,000. Finally, Richardson Financial Services Inc. grew its position in NetApp by 49.4% in the third quarter. Richardson Financial Services Inc. now owns 484 shares of the data storage provider’s stock valued at $57,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Price Performance

NetApp stock opened at $96.91 on Wednesday. The stock has a 50-day moving average price of $101.74 and a two-hundred day moving average price of $110.85. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66. The company has a market capitalization of $19.12 billion, a PE ratio of 16.21, a P/E/G ratio of 3.12 and a beta of 1.39. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the business posted $1.91 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Analysts expect that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp’s payout ratio is presently 34.78%.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the transaction, the executive vice president directly owned 20,075 shares in the company, valued at approximately $2,076,758.75. This represents a 4.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group assumed coverage on NetApp in a research note on Tuesday, January 13th. They set a “buy” rating and a $128.00 target price for the company. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. Oppenheimer reiterated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. UBS Group increased their price objective on shares of NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Citigroup raised their target price on shares of NetApp from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.42.

NetApp Company Profile

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.